Lago Del Rey Condo Homes for Sale

Lago Del Rey Condo is a waterfront community in Delray Beach, Palm Beach County, Florida. Active listings are priced from $139,900 to $249,000. Homes were built between 1976 and 1980. Pure Equity lists homes in Lago Del Rey Condo and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Lago Del Rey Condo and the Delray Beach area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 8 Lago Del Rey Condo Delray Beach homes for sale as of October 2026. The median asking price is $230,000. Asking prices run from $149,000 to $265,000.

That is 18% below the Delray Beach median of $280,000. On a per-foot basis, homes here ask about $229 per square foot, roughly in line with the city at $237. So the median price buys roughly 1,000 square feet of living area.

Listings here have averaged 82 days on the market. That is faster than the Delray Beach average of 115 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Lago Del Rey Condo date from 1976 to 1980. That puts them between 46 and 50 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Lago Del Rey Condo includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Lago Del Rey Condo is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Lago Del Rey Condo have a median asking rent of $2,074 per month, across 14 active rental listings. For comparison, the Delray Beach median is $2,650, so rents here run 22% lower.

For investors, those medians imply a gross yield near 10.8% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Delray Beach rentals or ask us for a rent estimate on a specific Lago Del Rey Condo home.

Here is what the median Lago Del Rey Condo price means in Florida closing terms. At $230,000, a 20% down payment comes to about $46,000, leaving a loan near $184,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $643. Next, the intangible tax of 0.2% adds about $367. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Lago Del Rey Condo median, that is about $1,607.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Lago Del Rey Condo listings show assignments to Orchard View (elementary), Carver Community (middle) and Atlantic (high). However, boundaries can change each year, so confirm the assignment for a specific address with the School District of Palm Beach County.